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  • Vine Starts Censoring Porn-Related Tag Searches

    In a move that’s hard to say wasn’t expected, Twitter’s new six-second video sharing app Vine has begun to filter out some porn-related searches.

    No longer can you search for the tags #porn, #boobs, #dick, #sex and many other NSFW tags.

    Oddly enough, you can still search for the #NSFW tag.

    Also available are more specific tags that contain plenty of nudity such as #pornvine, #dicks, and more. It appears that Vine is just beginning the process of censoring these types of tags. Before it’s said and done, it’s unlikely that any of these kinds of porn-related tags will remain. And Vine will probably censor any new porn tags as soon as they pop up.

    What users can do, however, is tag their Vine videos with these tags. Users can still access the tag pages by clicking on the tags under videos they do find. So there’s a workaround – for now. Still, many popular NSFW tags no longer appear when users try to explore them.

    It appears that there had already been a small change in Apple’s promotion of Vine inside the App Store which was conspicuously timed with this porn controversy.

    For more on the Vine-porn controversy, check out our in-depth writeup.

  • Yahoo Earnings Better Than Expected With Some Help From Search

    Yahoo just released its earnings for the fourth quarter and full year 2012, beating analysts’ expectations, and perhaps more noteworthy, showing solid signs for Yahoo’s search business.

    GAAP revenue for the quarter was $1,346 million. For the year, it was $4,987 million. Revenue ex-TAC for the quarter were $1,221 million. For the year, they were $4,468 million. Non-GAAP income from operations was $283 million. For the year, it was $825 million.

    GAAP search revenue for the quarter was $482 million, up 4% year-over-year. GAAP search revenue was $1,886 million for the year, up 2% year-over-year. Search revenue ex-TAC was $427 million for the quarte (up 14% year-over-year) and $1,611 million for the year (up 9% year-over-year). Paid clicks were up 11% year-over-year and 8% quarter over quarter. PPCs increased by 1% year-over-year, but decreased by 2% quarter-over-quarter.

    CEO Marissa Mayer said, “I’m proud of Yahoo!’s 2012 and fourth quarter results. In 2012, Yahoo! exhibited revenue growth for the first time in 4 years, with revenue up 2 percent year-over-year. During the quarter we made progress by growing our executive team, signing key partnerships including those with NBC Sports and CBS Television, and launching terrific mobile experiences for Yahoo! Mail and Flickr. At the same time, we achieved tremendous internal transformation in the culture, energy and execution of the Company.”

    Here’s the release in its entirety:

    SUNNYVALE, Calif.–(BUSINESS WIRE)– Yahoo! Inc. (NASDAQ: YHOO) today reported results for the fourth quarter and full year endedDecember 31, 2012.

    Q4 2012 Full Year 2012
    GAAP revenue $1,346 million $4,987 million
    Revenue ex-TAC $1,221 million $4,468 million
    GAAP income from operations $190 million $566 million
    Non-GAAP income from operations $283 million $825 million
    GAAP net earnings per diluted share $0.23 $3.28
    Non-GAAP net earnings per diluted share $0.32 $1.17

    “I’m proud of Yahoo!’s 2012 and fourth quarter results. In 2012, Yahoo! exhibited revenue growth for the first time in 4 years, with revenue up 2 percent year-over-year,” said Yahoo! CEO Marissa Mayer. “During the quarter we made progress by growing our executive team, signing key partnerships including those with NBC Sports and CBS Television, and launching terrific mobile experiences for Yahoo! Mail and Flickr. At the same time, we achieved tremendous internal transformation in the culture, energy and execution of the Company.”

    GAAP revenue was $1,346 million for the fourth quarter of 2012, a 2 percent increase from the fourth quarter of 2011. Revenue excluding traffic acquisition costs (“revenue ex-TAC”) was $1,221 million for the fourth quarter of 2012, a 4 percent increase compared to the fourth quarter of 2011. GAAP revenue was $4,987 million for the full year of 2012, flat compared to the prior year. Revenue ex-TAC was $4,468 million for the full year of 2012, a 2 percent increase from the prior year.

    Adjusted EBITDA for the fourth quarter of 2012 was $509 million, an 8 percent increase from the same period of 2011. Adjusted EBITDA was$1,699 million for the full year of 2012, a 3 percent increase from the prior year.

    GAAP income from operations decreased 22 percent to $190 million in the fourth quarter of 2012, compared to $242 million in the fourth quarter of 2011. Non-GAAP income from operations was $283 million in the fourth quarter of 2012 compared to $259 million in the fourth quarter of 2011. GAAP income from operations for the full year of 2012 was $566 million, compared to $800 million for the prior year. Non-GAAP income from operations was $825 million in both years.

    GAAP net earnings for the fourth quarter of 2012 was $272 million, an 8 percent decrease from the same period of 2011. Non-GAAP net earnings for the fourth quarter of 2012 was $370 million, a 20 percent increase from the same period of 2011. GAAP net earnings for the full year of 2012 was $3,945 million, compared to $1,049 million for the prior year. For the full year of 2012, GAAP net earnings included a net gain of $2,755 million related to the sale of Alibaba shares. Non-GAAP net earnings for the full year of 2012 was $1,407 million, a 35 percent increase from the prior year.

    GAAP net earnings per diluted share was $0.23 in the fourth quarter of 2012, compared to $0.24 in the fourth quarter of 2011. Non-GAAP net earnings per diluted share was $0.32 in the fourth quarter of 2012, compared to $0.25 in the fourth quarter of 2011. GAAP net earnings per diluted share was $3.28 for the full year of 2012, compared to $0.82 for the prior year. For the full year of 2012, GAAP net earnings included a net gain of $2,755 million, or $2.29 per diluted share, related to the sale of Alibaba shares. Non-GAAP net earnings per diluted share was$1.17 for the full year of 2012, compared to $0.81 for the prior year.

    Business Highlights

    • Yahoo! further strengthened its board of directors, appointing Max Levchin, a computer scientist, serial entrepreneur and angel investor with extensive experience building enduring Internet companies.
    • The Company made significant improvements to two of its core products, Yahoo! Mail and Flickr. The new Yahoo! Mail is faster, easier to use and available across the Web and on Windows 8, iPhone/iPod touch and Android. Yahoo!’s redesigned Flickr app for iPhone and iPod touch makes it easier to capture, share and discover photos. The new app allows users to share photos by email, with the Flickr community or via Facebook, Twitter or Tumblr.
    • Yahoo! signed distribution and branding deals to strengthen two of its leading media properties.
      • Yahoo! Sports and NBC Sports announced a partnership to deliver news, fantasy games, and video coverage of sporting events — combining two of the most trusted names in sports.
      • Yahoo! and CBS Television Distribution launched omg! Insider, a multiplatform entertainment news series that combines the popularity of CBS Television Distribution’s The Insider with the online reach of omg!.
    • The Company also announced a deal with Wenner Media to further enhance the content and reach of omg! and Yahoo! Music by joining forces with the Us WeeklyRolling Stone, and Men’s Journal franchises.
    • Yahoo! acquired mobile app developers Stamped and OnTheAir, accelerating the Company’s efforts to build a world-class team of mobile engineers, product managers and designers.
    • Yahoo! expanded its partnership with Samsung, enabling Samsung SmartTV users to engage more with their favorite shows and commercials. With the touch of a remote, connected tablet or phone, Samsung SmartTV viewers who use Yahoo!’s Connected TV technologies, can easily access content or offers related to their favorite TV shows or commercials.

    Fourth Quarter and Full Year 2012 Financial Highlights

    Display

    • GAAP display revenue was $591 million for the fourth quarter of 2012, a 3 percent decrease compared to $612 million for the fourth quarter of 2011. GAAP display revenue was $2,143 million for the full year of 2012, a 1 percent decrease compared to $2,160 millionfor the prior year.
    • Display revenue ex-TAC was $520 million for the fourth quarter of 2012, a 5 percent decrease compared to $546 million for the fourth quarter of 2011. Display revenue ex-TAC was $1,899 million for the full year of 2012, a 2 percent decrease compared to $1,932 millionfor the prior year.
    • The number of ads sold on core Yahoo! Properties decreased approximately 10 percent compared to the fourth quarter of 2011 and increased approximately 3 percent compared to the third quarter of 2012.
    • Price-per-ad on core Yahoo! Properties increased approximately 7 percent compared to the fourth quarter of 2011 and increased approximately 15 percent compared to the third quarter of 2012.

    Search

    • GAAP search revenue was $482 million for the fourth quarter of 2012, a 4 percent increase compared to $465 million for the fourth quarter of 2011. GAAP search revenue was $1,886 million for the full year of 2012, a 2 percent increase compared to $1,853 million for the prior year.
    • Search revenue ex-TAC was $427 million for the fourth quarter of 2012, a 14 percent increase compared to $376 million for the fourth quarter of 2011. Search revenue ex-TAC was $1,611 million for the full year of 2012, a 9 percent increase compared to $1,478 millionfor the prior year.
    • Paid clicks, or the number of clicks on sponsored listings on Yahoo! Properties and Affiliate sites, increased approximately 11 percent compared to the fourth quarter of 2011 and increased approximately 8 percent compared to the third quarter of 2012.
    • Price-per-click increased approximately 1 percent compared to the fourth quarter of 2011 and decreased approximately 2 percent compared to the third quarter of 2012.

    Cash Balance

    • Cash, cash equivalents, and investments in marketable debt securities were $6 billion at December 31, 2012 compared to $2.5 billionat December 31, 2011, an increase of $3.5 billion.
    • During the fourth quarter of 2012, Yahoo! repurchased 80 million shares for $1.5 billion. During the year ended December 31, 2012,Yahoo! repurchased 126 million shares for $2.2 billion.

    Conference Call

    Yahoo! will host a conference call to discuss fourth quarter and full year 2012 results at 5 p.m. Eastern Time today. On the conference call,Yahoo! will also provide its business outlook for the first quarter and full year of 2013. A live Webcast of the conference call, together with supplemental financial information, can be accessed through the Company’s Investor Relations Website athttp://investor.yahoo.com/results.cfm. In addition, an archive of the Webcast can be accessed through the same link. An audio replay of the call will be available for one week following the conference call by calling (888) 286-8010 or (617) 801-6888, reservation number: 30622830.

    Non-GAAP Financial Measures

    This press release and its attachments include the following financial measures defined as non-GAAP financial measures by the Securities and Exchange Commission (“SEC”): revenue ex-TAC; adjusted EBITDA; non-GAAP income from operations; non-GAAP net earnings; non-GAAP net earnings per diluted share; and free cash flow.

    Revenue ex-TAC is GAAP revenue less traffic acquisition costs. Adjusted EBITDA, non-GAAP income from operations, non-GAAP net earnings and non-GAAP earnings per diluted share exclude certain gains, losses, and expenses that we do not believe are indicative of ongoing results. Adjusted EBITDA also excludes taxes, depreciation, amortization of intangible assets, stock-based compensation expense, other income, net (which includes interest), earnings in equity interests, and net income attributable to noncontrolling interests. Free cash flow is GAAP net cash provided by (used in) operating activities (adjusted to include excess tax benefits from stock-based awards), less acquisition of property and equipment, net and dividends received from equity investees.

    These measures may be different than non-GAAP financial measures used by other companies. The presentation of this financial information is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with generally accepted accounting principles (“GAAP”). Explanations of the Company’s non-GAAP financial measures and reconciliations of these financial measures to the GAAP financial measures the Company considers most comparable are included in the accompanying “Note to Unaudited Condensed Consolidated Financial Statements,” “Supplemental Financial Data and GAAP to Non-GAAP Reconciliations,” and “GAAP to Non-GAAP Reconciliations.”

    About Yahoo!

    Yahoo! is focused on making the world’s daily habits inspiring and entertaining. By creating highly personalized experiences for our users, we keep people connected to what matters most to them, across devices and around the globe. In turn, we create value for advertisers by connecting them with the audiences that build their businesses. Yahoo! is headquartered in Sunnyvale, Calif., and has offices located throughout the Americas, Asia Pacific (APAC) and the Europe, Middle East and Africa (EMEA) regions. For more information, visit the pressroom (pressroom.yahoo.net) or the company blog (yodel.yahoo.com).

    “Affiliates” refers to the third-party entities that have integrated Yahoo!’s advertising offerings into their Websites or other offerings (those Websites and other offerings, “Affiliate sites”).

    “Alibaba” means Alibaba Group Holding Limited.

    “Search Agreement” refers to the Search and Advertising Services and Sales Agreement between Yahoo! and Microsoft Corporation, as amended.

    “TAC” refers to traffic acquisition costs. TAC consists of payments to Affiliates and payments made to companies that direct consumer and business traffic to Yahoo! Properties.

    “Yahoo! Properties” refers to the online properties and services that Yahoo! provides to users.

    This press release contains forward-looking statements concerning Yahoo!’s expected financial performance and Yahoo!’s strategic and operational plans (including, without limitation, the quotation from management). Risks and uncertainties may cause actual results to differ materially from the results predicted, and reported results should not be considered as an indication of future performance. The potential risks and uncertainties include, among others, the impact of changes to our management, organizational structure and strategic business plan;Yahoo!’s ability to compete with new or existing competitors; reduction in spending by, or loss of, advertising customers; risks associated with the Search Agreement with Microsoft Corporation; risks related to Yahoo!’s regulatory environment; interruptions or delays in the provision of Yahoo!’s services; security breaches; acceptance by users of new products and services; risks related to joint ventures and the integration of acquisitions; risks related to Yahoo!’s international operations; adverse results in litigation; Yahoo!’s ability to protect its intellectual property and the value of its brands; dependence on third parties for technology, services, content, and distribution; and general economic conditions. All information set forth in this press release and its attachments is as of January 28, 2013. Yahoo! does not intend, and undertakes no duty, to update this information to reflect subsequent events or circumstances. More information about potential factors that could affect the Company’s business and financial results is included under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2011, as amended, and Quarterly Report on Form 10-Q for the quarter ended September 30, 2012, which are on file with the SEC and available on the SEC’s website at www.sec.gov. Additional information will also be set forth in those sections in Yahoo!’s Annual Report on Form 10-K for the year ended December 31, 2012, which will be filed with the SEC in the first quarter of 2013.

    Yahoo!, the Yahoo! logos, omg! and Flickr are trademarks and/or registered trademarks of Yahoo! Inc. All other names are trademarks and/or registered trademarks of their respective owners.

    Yahoo! Inc.
    Unaudited Condensed Consolidated Balance Sheets
    (in thousands)
    December 31, December 31,
    2011 2012
    ASSETS
    Current assets:
    Cash and cash equivalents $ 1,562,390 $ 2,667,778
    Short-term marketable debt securities 493,189 1,516,175
    Accounts receivable, net 1,037,474 1,008,448
    Prepaid expenses and other current assets 359,483 460,312
    Total current assets 3,452,536 5,652,713
    Long-term marketable debt securities 474,338 1,838,425
    Alibaba Group Preference Shares 816,261
    Property and equipment, net 1,730,888 1,685,845
    Goodwill 3,900,752 3,826,749
    Intangible assets, net 254,600 153,973
    Other long-term assets 220,628 289,130
    Investments in equity interests 4,749,044 2,840,157
    Total assets $ 14,782,786 $ 17,103,253
    LIABILITIES AND EQUITY
    Current liabilities:
    Accounts payable $ 166,595 $ 184,831
    Accrued expenses and other current liabilities 846,044 808,475
    Deferred revenue 194,722 296,926
    Total current liabilities 1,207,361 1,290,232
    Long-term deferred revenue 43,639 407,560
    Capital lease and other long-term liabilities 134,905 124,587
    Deferred and other long-term tax liabilities, net 815,534 675,271
    Total liabilities 2,201,439 2,497,650
    Total Yahoo! Inc. stockholders’ equity 12,541,067 14,560,200
    Noncontrolling interests 40,280 45,403
    Total equity 12,581,347 14,605,603
    Total liabilities and equity $ 14,782,786 $ 17,103,253

     

    Yahoo! Inc.
    Unaudited Condensed Consolidated Statements of Income
    (in thousands, except per share amounts)
    Three Months Ended Year Ended
    December 31, December 31,
    2011 2012 2011 2012
    Revenue $ 1,324,153 $ 1,345,807 $ 4,984,199 $ 4,986,566
    Operating expenses:
    Cost of revenue – Traffic acquisition costs 155,453 124,961 603,371 518,906
    Cost of revenue – Other 263,609 287,147 983,626 1,101,660
    Sales and marketing 289,366 274,122 1,122,193 1,101,572
    Product development 235,810 240,417 919,368 885,824
    General and administrative 112,614 144,610 497,288 540,247
    Amortization of intangibles 8,525 7,926 33,592 35,819
    Restructuring charges, net 16,329 76,634 24,420 236,170
    Total operating expenses 1,081,706 1,155,817 4,183,858 4,420,198
    Income from operations 242,447 189,990 800,341 566,368
    Other income, net 9,768 17,730 27,175 4,647,839
    Income before income taxes and earnings in equity interests 252,215 207,720 827,516 5,214,207
    Provision for income taxes (78,287 ) (83,007 ) (241,767 ) (1,940,043 )
    Earnings in equity interests 127,063 148,939 476,920 676,438
    Net income 300,991 273,652 1,062,669 3,950,602
    Less: Net income attributable to noncontrolling interests (5,419 ) (1,385 ) (13,842 ) (5,123 )
    Net income attributable to Yahoo! Inc. $ 295,572 $ 272,267 $ 1,048,827 $ 3,945,479
    Net income attributable to Yahoo! Inc. common stockholders per share – diluted $ 0.24 $ 0.23 $ 0.82 $ 3.28
    Shares used in per share calculation – diluted 1,241,009 1,168,336 1,282,282 1,202,906
    Stock-based compensation expense by function:
    Cost of revenue – Other $ 1,010 $ 2,207 $ 3,489 $ 10,078
    Sales and marketing 22,291 22,161 65,120 82,115
    Product development 25,291 19,955 89,587 74,284
    General and administrative 10,255 13,139 45,762 57,888
    Restructuring expense accelerations (reversals), net 1,492 214 (3,429 )
    Supplemental Financial Data:
    Revenue ex-TAC $ 1,168,700 $ 1,220,846 $ 4,380,828 $ 4,467,660
    Adjusted EBITDA $ 469,453 $ 509,024 $ 1,654,583 $ 1,698,839
    Free cash flow(1)(2) $ 327,013 $ (2,044,502 ) $ 725,801 $ (834,865 )
    (1) The year ended December 31, 2012 includes a payment of $550 million from Alibaba in satisfaction of certain future royalty payments under the existing technology and intellectual property license agreement with Alibaba.
    (2) The three months and year ended December 31, 2012 include a cash tax payment of $2.3 billion which is related to the sale of Alibabashares.

     

    Yahoo! Inc.
    Unaudited Condensed Consolidated Statements of Cash Flows
    (in thousands)
    Three Months Ended Year Ended
    December 31, December 31,
    2011 2012 2011 2012
    CASH FLOWS FROM OPERATING ACTIVITIES:
    Net income $ 300,991 $ 273,652 $ 1,062,669 $ 3,950,602
    Adjustments to reconcile net income to net cash provided by operating activities:
    Depreciation 125,693 148,213 530,516 549,235
    Amortization of intangible assets 29,939 21,279 117,723 105,366
    Stock-based compensation expense, net 60,339 57,462 204,172 220,936
    Non-cash restructuring charges 990 69,434 990 109,896
    Accrued dividend income related to Alibaba Group Preference Shares (20,000 ) (20,000 )
    Tax benefits (detriments) from stock-based awards 23,523 (21,969 ) 33,497 (31,440 )
    Excess tax benefits from stock-based awards (25,966 ) (5,093 ) (70,680 ) (35,844 )
    Deferred income taxes 1,652 121,968 70,392 (769,320 )
    Earnings in equity interests (127,063 ) (148,939 ) (476,920 ) (676,438 )
    Dividends received from Yahoo Japan 75,391 83,648
    Gain related to sale of Alibaba Group shares (4,603,322 )
    Gain from sale of investments, assets, and other, net (8,416 ) 6,468 4,405 (11,840 )
    Changes in assets and liabilities, net of effects of acquisitions:
    Accounts receivable, net (117,992 ) (52,190 ) 38,100 34,752
    Prepaid expenses and other 87,441 37,470 97,849 78,529
    Accounts payable 27,000 35,204 (316 ) 12,747
    Accrued expenses and other liabilities 61,012 (2,373,163 ) (290,070 ) 255,799
    Deferred revenue (7,809 ) (49,671 ) (73,912 ) 465,140
    Net cash provided by (used in) operating activities (1)(2) 431,334 (1,899,875 ) 1,323,806 (281,554 )
    CASH FLOWS FROM INVESTING ACTIVITIES:
    Acquisition of property and equipment, net (130,287 ) (149,720 ) (593,294 ) (505,507 )
    Purchases of marketable debt securities (95,232 ) (1,681,467 ) (1,708,530 ) (3,520,327 )
    Proceeds from sales of marketable debt securities 441,719 56,968 1,508,948 741,947
    Proceeds from maturities of marketable debt securities 89,305 130,750 1,316,197 381,403
    Proceeds related to sale of Alibaba shares, net 6,247,728
    Purchases of intangible assets (799 ) (711 ) (11,819 ) (3,799 )
    Proceeds from the sale of investments 21,271 26,132
    Acquisitions, net of cash acquired (255,018 ) (5,716 ) (323,830 ) (5,716 )
    Other investing activities, net (818 ) 9,604 (6,581 ) 183
    Net cash provided by (used in) investing activities 48,870 (1,640,292 ) 202,362 3,362,044
    CASH FLOWS FROM FINANCING ACTIVITIES:
    Proceeds from issuance of common stock, net 49,529 101,951 156,226 218,371
    Repurchases of common stock (416,237 ) (1,451,462 ) (1,618,741 ) (2,167,841 )
    Excess tax benefits from stock-based awards 25,966 5,093 70,680 35,844
    Tax withholdings related to net share settlements of restricted stock awards and restricted stock units (8,712 ) (12,842 ) (44,761 ) (60,939 )
    Other financing activities, net (11,029 ) (1,373 ) (19,362 ) (4,892 )
    Net cash used in financing activities (360,483 ) (1,358,633 ) (1,455,958 ) (1,979,457 )
    Effect of exchange rate changes on cash and cash equivalents (21,550 ) 6,178 (34,247 ) 4,355
    Net change in cash and cash equivalents 98,171 (4,892,622 ) 35,963 1,105,388
    Cash and cash equivalents, beginning of period 1,464,219 7,560,400 1,526,427 1,562,390
    Cash and cash equivalents, end of period $ 1,562,390 $ 2,667,778 $ 1,562,390 $ 2,667,778
    (1) The year ended December 31, 2012 includes a payment of $550 million from Alibaba in satisfaction of certain future royalty payments under the existing technology and intellectual property license agreement with Alibaba.
    (2) The three months and year ended December 31, 2012 include a cash tax payment of $2.3 billion which is related to the sale of Alibabashares.

     

    Yahoo! Inc.

    Note to Unaudited Condensed Consolidated Financial Statements

    This press release and its attachments include the non-GAAP financial measures of revenue excluding traffic acquisition costs (“revenue ex-TAC”); adjusted EBITDA; non-GAAP income from operations; non-GAAP net earnings; non-GAAP net earnings per diluted share; and free cash flow, which are reconciled to revenue; net income attributable to Yahoo! Inc. (in the case of adjusted EBITDA and non-GAAP net earnings); income from operations; net income attributable to Yahoo! Inc. common stockholders per share — diluted; and net cash provided by (used in) operating activities, which we believe are the most comparable GAAP measures. We use these non-GAAP financial measures for internal managerial purposes and to facilitate period-to-period comparisons. We describe limitations specific to each non-GAAP financial measure below. Management generally compensates for limitations in the use of non-GAAP financial measures by relying on comparable GAAP financial measures and providing investors with a reconciliation of the non-GAAP financial measure to the most directly comparable GAAP financial measure or measures. Further, management uses non-GAAP financial measures only in addition to and in conjunction with results presented in accordance with GAAP. We believe that these non-GAAP financial measures reflect an additional way of viewing aspects of our operations that, when viewed with our GAAP results, provide a more complete understanding of factors and trends affecting our business. These non-GAAP measures should be considered as a supplement to, and not as a substitute for, or superior to, revenue, net income attributable to Yahoo! Inc., income from operations, net income attributable to Yahoo! Inc. common stockholders per share – diluted and net cash provided by (used in) operating activities, calculated in accordance with GAAP.

    Revenue ex-TAC is a non-GAAP financial measure defined as GAAP revenue less TAC. TAC consists of payments made to third-party entities that have integrated our advertising offerings into their Websites or other offerings (those Websites and other offerings, “Affiliate sites”) and payments made to companies that direct consumer and business traffic to Yahoo!’s online properties and services (“Yahoo! Properties”). Based on the terms of the Search Agreement with Microsoft, Microsoft retains a revenue share of 12 percent of the net (after TAC) search revenue generated on Yahoo! Properties and Affiliate sites in transitioned markets. Yahoo! reports the net revenue it receives under the Search Agreement as revenue and no longer presents the associated TAC. Accordingly, for transitioned markets Yahoo! reports GAAP revenue associated with the Search Agreement on a net (after TAC) basis rather than a gross basis. For markets that have not yet transitioned, revenue continues to be recorded on a gross basis, and TAC is recorded as a part of operating expenses. We present revenue ex-TAC to provide investors a metric used by the Company for evaluation and decision-making purposes during the Microsoft transition and to provide investors with comparable revenue numbers when comparing periods preceding, during and following the transition period. A limitation of revenue ex-TAC is that it is a measure which we have defined for internal and investor purposes that may be unique to the Company, and therefore it may not enhance the comparability of our results to other companies in our industry who have similar business arrangements but address the impact of TAC differently. Management compensates for these limitations by also relying on the comparable GAAP financial measures of revenue and total operating expenses, which includes TAC in non-transitioned markets.

    Adjusted EBITDA is defined as net income attributable to Yahoo! Inc. before taxes, depreciation, amortization of intangible assets, stock-based compensation expense, other income, net (which includes interest), earnings in equity interests, net income attributable to noncontrolling interests and other gains, losses, and expenses that we do not believe are indicative of our ongoing results. Yahoo! presents adjusted EBITDA because the exclusion of certain gains, losses, and expenses facilitates comparisons of the operating performance of our Company on a period to period basis. Adjusted EBITDA has limitations as an analytical tool and should not be considered in isolation or as a substitute for results reported under GAAP. These limitations include: adjusted EBITDA does not reflect tax payments and such payments reflect a reduction in cash available to us; adjusted EBITDA does not reflect the periodic costs of certain capitalized tangible and intangible assets used in generating revenues in our businesses; adjusted EBITDA does not include stock-based compensation expense related to the Company’s workforce; adjusted EBITDA also excludes other income, net (which includes interest), earnings in equity interests, net income attributable to noncontrolling interests and other gains, losses, and expenses that we do not believe are indicative of our ongoing results, and these items may represent a reduction or increase in cash available to us; and adjusted EBITDA is a measure that may be unique to the Company, and therefore it may not enhance the comparability of our results to other companies in our industry. Management compensates for these limitations by also relying on the comparable GAAP financial measure of net income attributable to Yahoo! Inc., which includes taxes, depreciation, amortization, stock-based compensation expense, other income, net (which includes interest), earnings in equity interests, net income attributable to noncontrolling interests and the other gains, losses and expenses that are excluded from adjusted EBITDA.

    Non-GAAP income from operations is defined as income from operations excluding certain gains, losses, and expenses that we do not believe are indicative of our ongoing operating results. We consider non-GAAP income from operations to be a profitability measure which facilitates the forecasting of our operating results for future periods and allows for the comparison of our results to historical periods. A limitation of non-GAAP income from operations is that it does not include all items that impact our income from operations for the period. Management compensates for this limitation by also relying on the comparable GAAP financial measure of income from operations which includes the gains, losses, and expenses that are excluded from non-GAAP income from operations.

    Non-GAAP net earnings is defined as net income attributable to Yahoo! Inc. excluding certain gains, losses, expenses, and their related tax effects that we do not believe are indicative of our ongoing results. We consider non-GAAP net earnings and non-GAAP net earnings per diluted share to be profitability measures which facilitate the forecasting of our results for future periods and allow for the comparison of our results to historical periods. A limitation of non-GAAP net earnings and non-GAAP net earnings per diluted share is that they do not include all items that impact our net income and net income per diluted share for the period. Management compensates for this limitation by also relying on the comparable GAAP financial measures of net income attributable to Yahoo! Inc. and net income attributable to Yahoo! Inc.common stockholders per share – diluted, both of which include the gains, losses, expenses and related tax effects that are excluded from non-GAAP net earnings and non-GAAP net earnings per diluted share.

    Free cash flow is a non-GAAP financial measure defined as net cash provided by (used in) operating activities (adjusted to include excess tax benefits from stock-based awards), less acquisition of property and equipment, net and dividends received from equity investees. We consider free cash flow to be a liquidity measure which provides useful information to management and investors about the amount of cash generated by the business after the acquisition of property and equipment, which can then be used for strategic opportunities including, among others, investing in the Company’s business, making strategic acquisitions, strengthening the balance sheet, and repurchasing stock. A limitation of free cash flow is that it does not represent the total increase or decrease in the cash balance for the period. Management compensates for this limitation by also relying on the net change in cash and cash equivalents as presented in the Company’s unaudited condensed consolidated statements of cash flows prepared in accordance with GAAP which incorporates all cash movements during the period.

    Yahoo! Inc.
    Supplemental Financial Data and GAAP to Non-GAAP Reconciliations
    (in thousands)
    Three Months Ended Year Ended
    December 31, December 31,
    2011 2012 2011 2012
    Revenue for groups of similar services:
    Display $ 612,047 $ 590,627 $ 2,160,309 $ 2,142,818
    Search 464,530 481,957 1,853,110 1,885,860
    Other 247,576 273,223 970,780 957,888
    Total revenue $ 1,324,153 $ 1,345,807 $ 4,984,199 $ 4,986,566
    Revenue excluding traffic acquisition costs (“revenue ex-TAC”) for groups of similar services:
    GAAP display revenue $ 612,047 $ 590,627 $ 2,160,309 $ 2,142,818
    TAC associated with display revenue (66,426 ) (70,218 ) (227,822 ) (243,557 )
    Display revenue ex-TAC $ 545,621 $ 520,409 $ 1,932,487 $ 1,899,261
    GAAP search revenue $ 464,530 $ 481,957 $ 1,853,110 $ 1,885,860
    TAC associated with search revenue for non-transitioned markets (89,027 ) (54,743 ) (375,409 ) (275,349 )
    Search revenue ex-TAC $ 375,503 $ 427,214 $ 1,477,701 $ 1,610,511
    Other GAAP revenue $ 247,576 $ 273,223 $ 970,780 $ 957,888
    TAC associated with other GAAP revenue (140 )
    Other revenue ex-TAC $ 247,576 $ 273,223 $ 970,640 $ 957,888
    Revenue ex-TAC:
    GAAP revenue $ 1,324,153 $ 1,345,807 $ 4,984,199 $ 4,986,566
    TAC (155,453 ) (124,961 ) (603,371 ) (518,906 )
    Revenue ex-TAC $ 1,168,700 $ 1,220,846 $ 4,380,828 $ 4,467,660
    Revenue ex-TAC by segment:
    Americas:
    GAAP revenue $ 884,780 $ 960,118 $ 3,302,989 $ 3,461,633
    TAC (45,072 ) (52,357 ) (160,110 ) (182,511 )
    Revenue ex-TAC $ 839,708 $ 907,761 $ 3,142,879 $ 3,279,122
    EMEA:
    GAAP revenue $ 164,238 $ 113,527 $ 629,383 $ 472,061
    TAC (54,559 ) (16,982 ) (221,916 ) (114,230 )
    Revenue ex-TAC $ 109,679 $ 96,545 $ 407,467 $ 357,831
    Asia Pacific:
    GAAP revenue $ 275,135 $ 272,162 $ 1,051,827 $ 1,052,872
    TAC (55,822 ) (55,622 ) (221,345 ) (222,165 )
    Revenue ex-TAC $ 219,313 $ 216,540 $ 830,482 $ 830,707
    Total revenue ex-TAC $ 1,168,700 $ 1,220,846 $ 4,380,828 $ 4,467,660
    Direct costs by segment (3):
    Americas $ 187,467 $ 183,236 $ 696,103 $ 733,316
    EMEA 41,615 41,325 165,750 161,990
    Asia Pacific 55,361 60,046 225,417 224,114
    Global operating costs (4) 414,804 443,272 1,638,975 1,671,958
    Restructuring charges, net 16,329 76,634 24,420 236,170
    Depreciation and amortization 151,830 168,769 625,864 649,267
    Stock-based compensation expense 58,847 57,574 203,958 224,477
    Income from operations $ 242,447 $ 189,990 $ 800,341 $ 566,368
             
    Reconciliation of net income attributable to Yahoo! Inc. to adjusted EBITDA:
    Net income attributable to Yahoo! Inc. $ 295,572 $ 272,267 $ 1,048,827 $ 3,945,479
    Costs associated with the Korea business and its closure (5) 99,485 99,485
    Deal-related costs related to the sale of Alibaba shares 6,500
    Depreciation and amortization 151,830 168,769 625,864 649,267
    Stock-based compensation expense 58,847 57,574 203,958 224,477
    Restructuring charges, net (5) 16,329 (6,794 ) 24,420 152,742
    Other income, net  (9,768 )  (17,730 )  (27,175 )  (4,647,839 )
    Provision for income taxes  78,287  83,007  241,767  1,940,043
    Earnings in equity interests  (127,063 )  (148,939 )  (476,920 )  (676,438 )
    Net income attributable to noncontrolling interests  5,419  1,385  13,842  5,123
    Adjusted EBITDA $ 469,453 $ 509,024 $ 1,654,583 $ 1,698,839
    Reconciliation of net cash provided by (used in) operating activities to free cash flow:  
    Cash provided by (used in) operating activities $ 431,334 $ (1,899,875 ) $ 1,323,806 $ (281,554 )
    Acquisition of property and equipment, net (130,287 ) (149,720 ) (593,294 ) (505,507 )
    Dividends received from equity investees (75,391 ) (83,648 )
    Excess tax benefits from stock-based awards 25,966 5,093 70,680 35,844
    Free cash flow (1)(2) $ 327,013 $ (2,044,502 ) $ 725,801 $ (834,865 )
    (1) The year ended December 31, 2012 includes a payment of $550 million from Alibaba in satisfaction of certain future royalty payments under the existing technology and intellectual property license agreement with Alibaba.
    (2) The three months and year ended December 31, 2012 include a cash tax payment of $2.3 billion which is related to the sale of Alibabashares.
    (3) Direct costs for each segment include cost of revenue (excluding TAC) and other operating expenses that are directly attributable to the segment such as employee compensation expense (excluding stock-based compensation expense), local sales and marketing expenses, and facilities expenses. Beginning in 2012, marketing and customer advocacy costs are managed locally and included as direct costs for each segment. Prior period amounts have been revised to conform to the current presentation.
    (4) Global operating costs include product development, service engineering and operations, general and administrative, and other corporate expenses that are managed on a global basis and that are not directly attributable to any particular segment. Prior to 2012, marketing and customer advocacy costs were managed on a global basis and included as global operating costs. Prior period amounts have been revised to conform to the current presentation.
    (5) For the three months and year ended December 31, 2012, costs associated with the Korea business and its closure include $83 million of restructuring charges.

     

    Yahoo! Inc.
    GAAP to Non-GAAP Reconciliations
    (in thousands, except per share amounts)
    Three Months Ended
    December 31,
    2011 2012
    GAAP Income from operations $ 242,447 $ 189,990
    (a) Costs associated with the Korea business and its closure 99,485
    (b) Restructuring charges, net (6) 16,329 (6,794 )
    Non-GAAP Income from operations $ 258,776 $ 282,681
    GAAP Net income attributable to Yahoo! Inc. $ 295,572 $ 272,267
    (a) Costs associated with the Korea business and its closure 99,485
    (b) Restructuring charges, net (6) 16,329 (6,794 )
    (c) To adjust the provision for income taxes to exclude the tax impact of items (a) and (b) above for the three months ended December 31, 2011 and 2012 (5,192 ) 4,626
    Non-GAAP Net earnings $ 306,709 $ 369,584
    GAAP Net income attributable to Yahoo! Inc. common stockholders per share – diluted $ 0.24 $ 0.23
    Non-GAAP Net earnings per share – diluted $ 0.25 $ 0.32
    Shares used in per share calculation – diluted 1,241,009 1,168,336
    Year Ended
    December 31,
    2011 2012
    GAAP Income from operations $ 800,341 $ 566,368
    (a) Costs associated with the Korea business and its closure 99,485
    (b) Restructuring charges, net (6) 24,420 152,742
    (c) Deal-related costs related to the sale of Alibaba shares 6,500
    Non-GAAP Income from operations $ 824,761 $ 825,095
    GAAP Net income attributable to Yahoo! Inc. $ 1,048,827 $ 3,945,479
    (a) Costs associated with the Korea business and its closure 99,485
    (b) Restructuring charges, net (6) 24,420 152,742
    (c) Deal-related costs related to the sale of Alibaba shares 6,500
    (d) Gain related to sale of Alibaba shares (4,603,322 )
    (e) Non-cash gain related to the dilution of the Company’s ownership interest in Alibaba Group, which is included in earnings in equity interests (25,083 )
    (f) To adjust the provision for income taxes to exclude the tax impact of items (a) through (d) above for the year ended December 31, 2011 and 2012 (7,764 ) 1,805,940
    Non-GAAP Net earnings $ 1,040,400 $ 1,406,824
    GAAP Net income attributable to Yahoo! Inc. common stockholders per share – diluted $ 0.82 $ 3.28
    Non-GAAP Net earnings per share – diluted $ 0.81 $ 1.17
    Shares used in per share calculation – diluted 1,282,282 1,202,906
    (6) For the three months and year ended December 31, 2012, this amount excludes the restructuring charges related to the Korea business and its closure of $83 million, which is included in item (a) above.

     

    Yahoo! Inc.

  • BioShock Infinite Mockumentary Explores The Origins Of Columbia

    I may not have been the biggest fan of the original BioShock, but I absolutely adored the world of Rapture. I was more concerned with finding the audio logs from its residents more than I was the central narrative because I had to know more about the underwater hell I was exploring. BioShock Infinite’s Columbia inspires similar feelings of awe and wonder, but now we have a documentary to fill in some of the pieces before the game launches in March.

    2K Games released a mockumentary today titled, “Columbia: A Modern Day Icarus?” It explores the origins of the floating city of Columbia with some expertly edited photos and video footage from the late 1800s/early 1900s. It’s probably the best trailer released for the game yet. Check it out:

    If you’re like me, you’re probably wanting an entire short feature done in this mockumentary style now. The world of BioShock Infinite looks compelling enough to deserve a short film exploring its world. Maybe the troubled BioShock film can be converted into a BioShock Infinite film. The themes and iconography of the game would probably play better to an American audience instead of the Ayn Rand drenched world of the original.

    BioShock Infinite will be available on March 26 for the PS3, Xbox 360 and PC.

  • Android stomps all over iOS

    Keeping with an ongoing trend, Android solidified its global smartphone dominance in fourth quarter and for all 2012, according to Strategy Analytics. The Android Army sent iOS idolaters into retreat during Q4, iPhone 5’s first full three months of sales. Like I explained in September, “Android wins the smartphone wars“.

    During fourth quarter, iOS share fell to 19 percent from 23.6 percent a year earlier. Meanwhile, Android rose to 70.1 percent from 51.3 percent. For all 2012, iOS nudged up to 19.4 percent from 19 percent share, while Android reached 68.4 percent, up from 48.7 percent. The differences between the quarter and year, strongly suggest sales surge at the end, for Android, which forebodes poorly for Apple when iOS got big lift from iPhone 5’s recent launch.

    Duopoly

    “Android’s challenge for 2013 will be to defend its leadership, not only against Apple, but also against an emerging wave of hungry challengers that includes Microsoft, Blackberry, Firefox and Tizen”, Neil Mawston, Strategy Analytics executive director, says.

    Four-hundred seventy-nine million Android smartphones shipped in 2012, compared to 135.8 million iPhones, according to Strategy Analytics. Rest of the market: 85.3 million. That puts combined Android/iOS share at 92.1 percent and 87.8 percent for the year.

    “The worldwide smartphone industry has effectively become a duopoly as consumer demand has polarized around mass-market Android models and premium Apple designs”, Mawston says. Combined dominance leaves little room for competitors, and refutes earlier IDC predictions about three dominant platforms emerging. The more perplexing question: How skewed will be the split among the two?

    Cumulative Android shipments (phones and tablets) reached 500 million in September, according to Google. By comparison, iOS, which had long led the green robot, only reached that number three months later, according to Apple. The company shipped 75 million iOS devices during fourth quarter, which works out to about 834,000 per day. Android activations are more than 1.3 million per day.

    Back to handsets, IHS iSuppli now predicts that cumulative Android smartphone shipments will reach 1 billion this year, but iOS not until 2015.

    Saturation

    Android and iOS compete in a rapidly growing, and in some countries quickly saturating, device category. Annual shipments grew to 700.1 million from 490.5 million. But Android and iOS success rely heavily on two companies — Apple, obviously, and Samsung. For 2012, Samsung shipped 213 million smartphones (mostly Android) and Apple 135.8 million (all iOS). Apple’s problem is the Other category (316.3 million), largely dominated by manufacturers shipping Androids.

    “Samsung and Apple together accounted for half of all smartphones shipped worldwide in 2012”, Linda Sui, Strategy Analytics analyst, says. “Large marketing budgets, extensive distribution channels and attractive product portfolios have enabled Samsung and Apple to tighten their grip on the smartphone industry”.

    Respective share: 30.4 percent and 19 percent, up from 19.9 percent and 19 percent, respectively. Still, the Other bucket slight trails (45.2 percent) Apple and Samsung combined (49.8 percent).

    Still, from another perspective, iPhone had a great quarter, with 47.8 million units shipped, up from 37 million year over year and 26.9 million quarter on quarter. iPhone revenue rose to $30.67 billion in Q4 from $16.25 billion three months earlier. In fourth quarter, iPhone accounted for 56.3 percent of all Apple revenue and 52.7 percent a year earlier.

    But success comes with risks. As Android share continues to rise, iOS recedes — and that in a device category destined to rapidly saturate. Market share Android takes today, it is more likely to keep tomorrow, if other platform categories, PC operating systems among them, are comparable.

    The question: Is Apple willing to do anything to gain share against Android? During last week’s Apple’s earnings call, Toni Sacconaghi, Sanford Bernstein analyst, asked: “Is holding share in the smartphone market in 2013 a priority for Apple, yes or no and why? And realistically how does Apple hold share given that the market segment and price point that you play in is expected to grow a lot slower and you have pretty dominant share in that high end”.

    Apple CEO Tim Cook deflected the answer. But the market will require one. Lower price isn’t the answer, as iPhone 4 is free to buyers, with two-year carrier contract, and Apple couldn’t make enough to meet demand during fourth quarter. Too bad iOS licensing is sacrilege in Apple’s sacred halls. Mr. Cook, perhaps it’s time for some new religion.

    Photo Credit: Joe Wilcox

  • Payvment Shuts Down, Team Reportedly Acquired By Intuit

    Facebook ecommerce platform company Payvment announced that it is shutting down as its team joins a new, unspecified company. The platform will be shut down on February 28.

    The company in question is Inuit, according to TechCrunch, though it’s unclear why this piece of information was left out of the announcement, and why Intuit itself did not make an announcement.

    On Payvment’s home page, the company says:

    As part of this transition, you will have one month to transfer your store to Ecwid, which will allow you to continue selling on Facebook. Ecwid is a global leader in Social Commerce with over 200,000 sellers in 174 countries and a robust Facebook application very similar to Payvment. For details, visit ecwid.com/payvment.

    Payvment and Lish stores and the Payvment Dashboard will be active through February 28, and on March 1, the service will shut down. People will be able to transfer their stores to Ecwid from one click from the dashboard. More FAQs here.

  • Charity Tillemann-Dick shares the harrowing story of living between life and death

    At TEDMED 2010, opera singer Charity Tillemann-Dick told the story of a revolutionary, life-changing surgery — a double lung transplant. While a doctor had warned her that she would never sing again, Charity Tillemann-Dick: Singing after a double lung transplantCharity Tillemann-Dick: Singing after a double lung transplantshe revealed what it felt like to get her voice back. “We need to stop letting disease divorce us from our dreams,” she said.

    Now, three years after her first transplant (she has since had another), Tillemann-Dick has given a second talk, “Discourses from the undead,” filmed at TEDxMidAtlantic in December. In the talk above, she takes a stark look at death. sharing the vivid dreams that she had while she was in an unconscious state after her surgery — a time when her doctor said that survival was unlikely. Having “spent many a night in death’s guesthouse,” Tillemann-Dick  shares meaningful lessons that she believes to be from the next world, and gives thanks.

    “While [death’s] sting is real, good can come from it,” she says. “Death is as much a part of life as love, birth and happiness.”

    Far too few people are organ donors, and Tillemann-Dick attributes this not to disregard but to our lack of conversation about death. She says it’s time to talk about death. Will you join her?

  • Did Apple Reduce Vine’s Visibility in the App Store Following Porn Controversy?

    It looks like Apple may have decided to back away from Twitter’s new Vine video-sharing app, just a little bit.

    It appears that Apple has stopped promoting the app as an “Editor’s Choice” selection. Vine isn’t even highlighted in the App Store’s social networking section. It’s not a “new and noteworthy” app either. That’s odd, considering that Vine is the number one free social networking app and the number four overall free app in the entire App Store.

    As you may have heard, Vine finds itself in the middle of a porn controversy. Just days after launch, we told you that Vine has become a pretty hot destination for six-second porn clips.

    Although we don’t think that the porn is that huge of a problem for the Vine app in and of itself (it’s not really that visible and is often hidden behind a click-through warning screen), we noted that it could be a problem for Vine’s chances of survival within the App Store.

    Apple has always held a pretty strict no nudity policy for its approved apps, even banning photo-sharing apps like 500px because Apple thought the app made it too easy to find pornographic images.

    It’s important to note that Apple has yet to ban Vine, even though it clearly contains its fair share of porn. Apple has also let the Twitter app hang around for years, even though Twitter also allows nudity in its posts. Apple and Twitter are partners, as Twitter is fully integrated into iOS. Maybe Apple won’t be as drastic as to ban Vine altogether, but it sure looks like the’ve reduced its visibility in the App Store.

    [Business Insider via The Verge]

  • UCLA to play key role in worldwide effort to map human brain

    UCLA’s Laboratory of Neuro Imaging (LONI) has entered into a partnership with academic centers from Europe and around the world in a massive, unprecedented effort to understand the human brain.
     
    The European-led Human Brain Project (HBP), announced Jan. 28, will pull together all the world’s existing knowledge about the brain and reconstruct it, piece by piece, in super-computer–based models and simulations. The 10-year, 1.19 billion–euro ($1.6 billion) effort is backed by the European Commission and will begin with 87 partners in 27 countries.
     
    UCLA’s LONI has long been at the forefront in developing computational algorithms and scientific approaches for the comprehensive and quantitative mapping of brain structure and function. As a result, the laboratory is perfectly positioned to play a similar role as part of the HBP.
     
    “This is an ambitious and worldwide collaborative effort to understand the human brain and the diseases that attack it,” said Arthur Toga, LONI’s director and a professor of neurology at UCLA. “Our role will be to focus on harmonizing all of the data that will be pouring into our computers. The trick will be to find a way to aggregate all this information in order for it to be useful. We will be receiving brain images and all the data that goes with it, both recent data as well as images that were done years ago.
     
    “Combining disparate data is difficult,” he added, “so sophisticated new computer algorithms will be needed.”
     
    LONI’s portion of the HPB funding will be approximately $10.8 million. In addition to UCLA, other U.S. institutions involved in the project are Yale University, the University of Tennessee and the Seattle-based Allen Institute for Brain Science.
     
    The HBP will provide new tools to help scientists understand the brain and its fundamental mechanisms and to apply this knowledge in future medicine and computing.
     
    Central to the project is information and computing technology. The HBP will develop information and computing technology platforms for neuroinformatics, brain simulation and super-computing that will make it possible to combine neuroscience data from all over the world, to integrate the data in unifying models and simulations of the brain, to check the models against data from biology, and to make the data available to the world scientific community.
     
    The ultimate goal is to allow neuroscientists to connect the dots leading from genes, molecules and cells to human cognition and behavior.
     
    Combining such data is LONI’s expertise. Since the 1990s, the lab has been building universal brain atlases, each describing sub-populations with similar characteristics in health and disease. The algorithms written and constantly updated by LONI take millions of brain images and modify them to make a certain number of brains look “the same” in order to describe, for example, a specific population, such as right-handed females, or to show the early stages of Alzheimer’s disease.
     
    “Thus, we are well positioned to contribute to these important and challenging goals,” Toga said.
     
    The Laboratory of Neuro Imaging at UCLA, which seeks to improve understanding of the brain in health and disease, is a leader in the development of advanced computational algorithms and scientific approaches for the comprehensive and quantitative mapping of brain structure and function. It is part of the UCLA Department of Neurology, which encompasses more than a dozen research, clinical and teaching programs. The department ranks in the top two among its peers nationwide in National Institutes of Health funding.
     
    For more news, visit the UCLA Newsroom and follow us on Twitter.

  • Food for thought: Killing a cow is the least effective way to make a steak

    Innovation could utterly transform the way meat is created and consumed in the world, making it more efficient and removing some of the problems like greenhouse emissions. While I didn’t get a chance to attend The Intersection conference at the Googleplex recently, a sentence from notes on a discussion between VC Steve Jurvetson and Microsoft co-founder Nathan Myhrvold at the event stood out for me on the subject of meat and innovation: “Killing a cow is the least effective way to make a steak.”

    Over the years the meat industry has delivered efficiency in animal raising, slaughtering and meat production through factory farming, which reduces the time it takes for animals to mature with corn-based diets, antibiotics, hormones and other industrial feeding and slaughtering techniques. But maximizing the efficiency of industrial meat production has led to a lot of unintended negative consequences and a growing movement of people who will pay more for organic, local meat or will forgo meat altogether.

    But what if you could reduce, or eliminate, the whole traditional meat production industry completely? That’s the idea behind new types of plant-based proteins, so-called in-vitro meat production and more integral approaches to reducing meat consumption. Because the world’s population is rapidly growing to 9 billion by 2050, and developing countries have emerging middle classes that want a higher standard of living, alternative protein and meat production could find a market in the developing world first.

    Here’s three new technologies being developed that can reduce eating animals:

    • Peter Thiel’s Breakout Labs invested in a food startup called Modern Meadow, which aims to combine in-vitro meat with 3D printing. The idea is to print out a meat product from biological materials.
    • Beyond Meat is a startup backed by Obvious Corp — the group that created Twitter — which is creating next-gen plant-based meat substitutes. The product is on sale in a few select locations at Whole Foods in Northern California.
    • Foodpairing is a food industry research company and app developer that has broken down flavor to its molecular components and compiled databases that can identify vegetable or seafood ingredients that reinforce the flavor of different meats, or can act as a substitute for a meat entirely.

  • Self-Replicating 3D Printers Are Among Us

    Self-replication has always been a pipe dream of futurists and technologists. Why should we have to waste time and resources making new parts for a broken down machine when the machine can just make the replacement parts itself? It’s not exactly feasible in most industries as of yet, but it is entirely possible in the 3D printing industry.

    Objet recently showed off how its researchers experiment with minor design changes to its 3D printers. The team will create multiple “ABS-like parts that are drilled, assembled and then used as short run end-parts in an Objet Desktop 3D printer to test a new design tweak.”

    For printers from a professional design 3D printer company like Objet, 3D printed parts can only do so much. The smaller companies like MakerBot, however, have already created 3D printers that can make be made almost entirely by another 3D printer. There are other “indie” 3D printers that have found success on Kickstarter based on the promise of an open source design that can be created by other 3D printers.

    All that being said, it probably won’t be long before industrial 3D printers can replace their own parts. We might even be able to upgrade older printers with newer 3D printed parts in the near future. The constantly evolving nature of 3D printing technology makes everyday an adventure in innovation.

  • StarStar Me vanity phone numbers land on 3rd U.S. carrier: T-Mobile

    Perhaps personalized dialing codes are the new ringtones. As with ringtones in the past decade, carriers are getting excited over a vanity phone number service called StarStar Me, created by mobile marketing startup Zoove, and its potential to provide an alternative revenue stream beyond voice and data plans.

    For $3 a month, T-Mobile customers can sign up for their own personal alphanumeric code. When that code is dialed, preceded by two taps of the “*” button, from any U.S. mobile number it will ring that customer’s phone. Customers who download the StarStar Me app from the iTunes or Google Play stores will also be able to use StarStar Me’s call management features, which can be used to send callers an automated voice message or SMS and even a link.

    It’s a neat idea, and one that could put some service revenue in carriers’ pockets. But there are some inherent limits to how big such a service could scale, especially when compared to other blockbuster carrier services of the past like ringtones. While anyone can set a Prince song as their ringtone, only one U.S. mobiles subscriber can have the StarStar Me code “**PRINCEFAN.”

    Still if that one Prince fan pays $3 a month into perpetuity for that short code, I’m sure his carrier won’t complain. And StarStar Me isn’t lacking for customer interest. Zoove said it has received hundreds of millions search queries for personalized dialing codes in the last 90 days, and while it isn’t revealing how many people have signed up for their own StarStar monikers, Zoove said that 100,000 calls have been placed to existing codes to date.

    So far Sprint, Verizon Wireless and T-Mobile all now offer the StarStar Me service. So if AT&T does sign on with Zoove in the future, its customers might find the pickings for available codes slim.

  • Katy Perry: In Drag With Moustache on Ellen

    Ellen Degeneres celebrated her 55th birthday last week, and Katy Perry was on-hand to liven up the Ellen show. Instead of singing for the president however, Perry covered her famous bosom with a vest as she dressed in drag.

    Perry donned a Richard Dawson-esque suit and bowtie as she impersonated a game show host, complete with creepy 70s moustache. She and Degeneres invited audience members to play “Grab Ellen’s Bust,” a simple quiz show that tested contestants’ knowledge of Ellen trivia.

    Though a cross-dressing Katy Perry might sound entertaining, the highlight of the event is actually one of the audience members invited to be a contestant. Watch as she loses her mind when Degeneres touches her in an attempt to prevent her from falling over:

  • 2013 Buick Verano Premium: RideLust Review

    2013 Buick Verano Premium

    Thumbs Up: Comfortable ride, quiet cabin

    Thumbs Down: Turbo engine and manual transmission, but little entertainment value

    Buy This Car If: You prefer to row your own gears, yet want comfort over performance

    Buick’s Verano sedan was built to deliver the fuel-sipping advantages of a compact, while serving up more content than buyers in the class are used to. While the Verano was new for the 2012 model year, a turbocharged variant, dubbed the Verano Premium, has been introduced for 2013. Now that GM brand Pontiac is history, the company is hoping that Buick can pick up some of the enthusiast buyers left in the cold by Pontiac’s shuttering.

    2013 Buick Verano Premium

    The Verano Premium, then, becomes the most affordable performance option in the Buick catalog. Its forced-induction 2.0-liter four-cylinder cranks out 250 horsepower and 260 pound feet of torque, and even gives buyers the choice of a six-speed manual gearbox. What’s noticeably absent, however, is a sport suspension or supportive sport seats, which makes us wonder exactly what demographic Buick was going for. We’re certain the Verano Premium with the six-speed automatic transmission will be a best-seller, but we can’t imagine Buick delivering many manual transmission examples.

    2013 Buick Verano Premium

    The Verano is a good-looking car, and it reminds us of a three-quarter scale Buick Regal. The Verano’s grille is even more prominent, however, extending all the way to the edge of the hood. Headlights are large (or perhaps this is just a proportional thing), which represents an odd styling departure from today’s mainstream smaller-is-better automotive lighting trend.

    2013 Buick Verano Premium

    In profile, the Verano’s daylight opening is similar in shape to the Regal’s without being a direct copy. Both are trimmed in chrome and both sport a blacked-out B-pillar for a cleaner look, but the Verano sports a sharper angle on its C-pillar trim. The compact Buick sports a styling line that sweeps up from the rocker to match the lower angle of the rear door, while the Regal uses a similar styling trait on its front door; the difference is subtle enough, however, that neighbors will likely ask you how you like your new Buick Regal.

    2013 Buick Verano Premium

    The biggest difference between the Verano and its bigger brother comes at the rear, where the smaller sedan gets chrome tail light trim (as opposed to a chrome trim strip on the Regal), a flat trunk lid and larger tail lights. The rear fascia shape is decidedly different, too, with the Verano going angular to the Regal’s round.

    Dash

    Inside, the Verano’s dash does a good job of reminding occupants that this is no ordinary compact. It’s not full-on luxury, to be sure, but it is an eye-pleasing blend of colors, textures and shapes. The crash pad, for example, is finished in a color to match the Verano Premium’s interior, while the dash upper and lower are finished in black plastic and vinyl. There’s the obligatory faux wood, too, but thankfully this is kept to a minimum and offset by the metallic trim used to highlight the center stack. Our only criticism here is the same criticism we have for most high-end GM vehicles: the center stack is an overly complex blend of multi-function buttons that’s far from user-friendly. Sure, any buyer will get used to this in time, but it’s not nearly as intuitive as the controller-type input systems used by Infiniti, Audi, BMW and others.

    2013 Buick Verano Premium

    Though we’re less than fond of the peppermint-candy-blue used by Buick to light its instruments and controls, we otherwise liked the Verano’s dials. Both tachometer and speedometer use markings that you’d expect to see on a precision gauge or fine watch, and like the dash itself they do a good job of conveying an upscale message. We like the chrome trim on the instrumentation, too, along with the large and comprehensive driver information display.

    2013 Buick Verano Premium

    Front seats, however, fall short of expectations. Buick calls them “sport seats,” but they don’t come close to meeting our standards for lateral support. You sit “in” sport seats, but you sit “on” the front chairs in the Verano, which aren’t even that comfortable for long-distance driving. Seat cushion and seat back are far too soft to be comfortable, and even the driver’s seat lacks lumbar support. Buick claims the seats use “leather appointed trim,” but the upholstery feels suspiciously like vinyl to us. While we can come up with plenty of reasons to buy the Verano Premium, its front seats are not among them.

    2013 Buick Verano Premium

    Rear seats are equally soft and plagued by a short seat cushion, but they’re comfortable enough for the daily carpool commute. There’s about as much legroom as you can expect from a compact sedan, and headroom is ample for those six-feet tall and under. Like the front seats, the rears are “leather appointed,” but feel the same as the front seats to us. Especially at this price point, we’d much rather have a premium cloth seat option.

    2013 Buick Verano Premium

    Power comes from a turbocharged 2.0-liter four-cylinder engine, rated at 250 horsepower and 260 pound feet of torque. Buick offers the Verano Premium with the buyer’s choice of a six-speed automatic or six-speed manual transmission, though we can’t imagine the row-it-yourself option will see many takers. It’s surprisingly quick, reeling off a 0-60 mph time of just 6.6 seconds, but its suspension isn’t up to carrying much speed into corners. Fuel economy isn’t bad as long as you accelerate with care and upshift often; the EPA says to expect 24 mpg combined (20 mpg city, 31 mpg highway) from the manual Verano Premium and 24 mpg combined (21 mpg city, 30 mpg highway). We saw an indicated 23.5 mpg in mostly-city driving.

    2013 Buick Verano Premium

    Ride quality is best summed up as “plush,” and in this regard the Verano has more in common with Buick’s LaCrosse than it does with the sportier Regal. Accelerate hard, and there’s noticeable lift from the front end; brake hard, and there’s plenty of dive. The Verano’s steering is nicely weighted, but there’s little feel and too much play off-center. Turn-in is leisurely, and there’s plenty of body roll in corners when the Verano is pushed harder than it wants to go, but that’s the trade-off for a cushy ride. Brakes have decent pedal feel, and we’re sure they’re capable of delivering acceptable stopping distances.
    If you test drive it thinking “compact luxury sedan,” you won’t be disappointed; if you’re expecting anything resembling a sport sedan, chances are the Verano Turbo won’t live up to your expectations.

    2013 Buick Verano Premium

    The Buick Verano Premium doesn’t have many in-class competitors, and that alone will help Buick generate sales. If you really want a Regal Turbo or Regal GS and simply can’t swing the payments, the Verano Premium gives you a reasonable alternative. A few suspension upgrades will likely dial in the handling, though we’re not sure much can be done to improve the steering. Still, the car is quick enough, and with a drop in ride height, stiffer springs and firmer dampers, we suspect it would be more than moderately entertaining to drive.

    2013 Buick Verano Premium

    Buick supplied the Verano Premium for our review. Base price on the Premium trim level was $29,990, including a destination charge of $885, and options on our car included the $900 Power Sunroof and the $795 Audio System With Navigation for a total sticker price of $31,685.

    For comparison, an Acura ILX 2.4 Premium (which has the larger engine and manual gearbox, but isn’t available with navigation) would sticker for $30,095, while an Acura ILX 2.0 Tech Package (which has the less powerful engine mated to a five-speed automatic transmission, but includes navigation) would list for $32,295. Audi’s upcoming A3 Sedan, as well as the soon-to-be-released Mercedes-Benz CLA, will also compete against the Buick Verano, but neither model has been priced yet.

  • Google SafeSearch Changes Hit the U.K., Australia, New Zealand, and More

    Back in December, we told you that Google had made a change to its SafeSearch feature in the U.S. that made it impossible for users to entirely disable SafeSearch when searching for Images on the site.

    Now, that modified SafeSearch is making its way to other countries.

    Long story short, Google has prevented users from disabling SafeSearch altogether in Image search. It’s important to note that this is different from Google censoring NSFW content. That’s all still there, in fact, it’s just that users must now be very specific in their queries in order to access it.

    For example, a Google Image search for “boobs” will now yield SFW results, by default. In order to find NSFW results for that query, you must now add a modifier – let’s say “boobs porn” or “boobs nude” for instance.

    Users used to be able to turn SafeSearch off, completely. There a little box at the top right of SafeSearch that used to allow users to pick their level of SafeSearch: “STRICT,” “MODERATE,” and “OFF” completely. But now, Google only allows users to filter all explicit results.

    What’s more, Google users are no longer given the option to turn off all types of SafeSearch filtering within the Search Settings.

    If all of this sounds a little confusing – that’s because it is. Google has fragmented their Image search in an attempt to keep NSFW materials from popping up without and explicit search.

    But here’s the gist of it, in plain English: A search for ‘boobs” in the U.S. now yields SFW results, as Google Image Search is now defaulted to “MODERATE” level. Users are not allowed to fully turn off SafeSearch. In order to see those NSFW results, users have to be more specific with their searches.

    And now, that SafeSearch functionality has spread to other English-speaking countries.

    Here are your SafeSearch options for Google.co.uk, Google Australia, Google South Africa, and Google New Zealand:

    And here are the options in Germany:

    Note the difference? We’ve tested this for other non-English-speaking countries like France and the Netherlands and have seen the same results. I’ve reached out to Google for confirmation and will update this article accordingly.

    “We are not censoring any adult content, and want to show users exactly what they are looking for — but we aim not to show sexually-explicit results unless a user is specifically searching for them. We use algorithms to select the most relevant results for a given query. If you’re looking for adult content, you can find it without having to change the default setting — you just may need to be more explicit in your query if your search terms are potentially ambiguous. The image search settings work the same way as in web search,” Google told me back in December when we first reported on the changes to SafeSearch.

    Still, Google has fragmented Image search and ultimately made it worse. Here’s what I said in regards to that last month:

    Ok, so the point here is that users need to be specific with their searches. Got it. Apologies for the frankness, but if I want to find blowjob images, I now have to search “blowjob porn.” There is now no way that I can edit my own personal settings to make a search for just “blowjob” yield all results, both NSFW and otherwise.

    In essence, Google is fragmenting their image search. A “no filter” search is a true search of the most popular images across the web. U.S. users no longer have this option. We’re now only given the choice between filtered results for “blowjob” or the most popular results for “blowjob porn.” That smattering of all results, both NSFW and SFW for the query “blowjob,” cannot be achieved anymore.

    Plus, is there really a question about what I’m looking for when I search “blowjob?” Do I really need to provide any more detail?

    It seems like a big gripe about a small change, and it is in a way. But one could make the argument that this actually is a form of censorship. If I go to Google images and search “blowjob,” I want to see the best of what the web has to offer – all of it. Not what Google thinks I should see based on their desire to prevent adult results unless users are super specific.

    Go ahead and try a search for “blowjob” on Google Images right now. Those aren’t really very relevant results, are they? Users should see the most relevant results for their searches, no matter what. And they should have the option to simply turn off the SafeSearch filter, which they all had just a couple of days ago.

    Google’s SafeSearch support page gives us steps for disabling SafeSearch, but it really only tells us how to turn off SafeSearch Filtering. That still leaves us with a “MODERATE” level SafeSearch and no true way to see all web results, both NSFW and SFW at once.

    Is your country’s SafeSearch been changed recently? Let us know.

  • 128GB iPad Could Be In The Works

    Some are speculating that Apple might release a 128GB iPad model this year.

    As previously reported, a complete redesign is expected to grace the iPad 5, which is expected to be launched in October. A report from iLounge claims to have seen a “supposedly accurate” model of the iPad 5, saying it will be smaller than past (non-mini) models.

    Separately, developers have discovered a reference in to 128GB iOS devices in the code in a beta of iOS 6.1. 9to5Mac reports:

    Following the latest beta release of the upcoming iOS 6.1 iPhone, iPad, and iPod touch operating system, developers have begun tearing away at the software to see what secrets it may hold about the future of Apple’s devices. @iNeal made the discovery that iOS 6.1 beta 5 holds a reference to compatibility with 128GB iOS devices. Jeff Benjamin dug up the code that @iNeal is referring to, and he has provided screenshots of the evidence. He notes that iOS 6.0 does not include the “128″ system partition code.

    Update: We understand that this 128GB code is also found in iOS 6.1 beta 3, which was released in early December.

    Still, this may not mean that we’ll be seeing the 128GB model this year. ZDNet’s Adrian Kingsley-Hughes is particularly skeptical.

    Apple released iOS 6.1 today for iPads, iPhones and iPod Touches, bringing LTE capabilities to more carriers.

  • Test driving BitTorrent Sync

    Who outside Hollywood doesn’t like BitTorrent? There’s another reason for you to, with the new PC-to-PC file synchronization app. It is free, but for now “pre-alpha”, meaning users should beware of the potential dangers — bugs, crashes. You know the routine. It is also only available in private beta, so if you are interested then you will need to request an invitation.

    Once you gain access then you will find the app is available for Windows, OS X and even Linux. The download file is small — just under 500 KB for the Windows version.

    When you get it installed you will discover a fairly straight-forward app with several tabs across the top that can be used to set up and control the app. While there is Devices, Shared Folders, Transfers, History and Preferences, users will really only need to concern themselves with two of these options.

    First you need to setup your sync, which is done from within Shared Folders. Simply click the Add button to begin. The first thing you will notice: a “key” is generated, or, as BitTorrent refers to it — “Shared Secret”. Write this down because you will need it for your other computer(s). Once you accomplish this then you can browse to the folder(s) you wish to keep synchronized. Depending on your file size the indexing could take some time. Coffee break!

    The other tab that will concern most users: Preferences. Here you can make some personalization options, like starting the app when Windows boots and checking for updates.

    When you move to other computers you will only need to enter the key that was generated on the first device. BitTorrent also takes security into consideration. The invitation includes some details — “Sync synchronizes your files through peer-to-peer (p2p) protocol. The devices in sync are connected directly using UDP, NAT traversal, UPnP port mapping, and relay server. If your devices are in a local network, Sync will use LAN for faster synchronisation. For better security all the traffic between devices is encrypted with AES 256 using private key created on the base of your Secret — a random key that is different for every folder”.

    Bear in mind that this software is not yet ready for general release. However, I didn’t find any real problems with it, aside from rather slow indexing of my shared folder, but that is likely due to the file size. There is no word yet on when BitTorrent Sync will launch for general use.

    Photo Credit: Modella/Shutterstock

  • Calling All Hackers: Google Wants You To Break Chrome OS At Pwnium 3

    Pwnium is the annual hacker competition where Google invites coders from around the world to find security holes in Google Chrome. That changes this year as Google wants hackers to break both of its Chromium projects.

    Google announced today that Chrome will be one of the browsers hackers can take on at the annual Pwn2Own Competition. This year’s competition is hosted by HP’s Zero Day Initiative alongside Google, the latter of which will be underwriting a portion of the winnings for all targets – including non-Chromium browsers. The event will last between March 6-8 in Vancouver, BC. You can register here.

    At the CanSecWest conference on March 7, Google will be hosting its own competition – the third annual Pwnium. Instead of hacking Chrome, however, Google will task hackers with breaking Chrome OS. The company will be offering rewards in the following categories with up to $3.14 million in prize money up for grabs:

  • $110,000: browser or system level compromise in guest mode or as a logged-in user, delivered via a web page.
  • $150,000: compromise with device persistence — guest to guest with interim reboot, delivered via a web page.
  • Hackers attempting these challenges will have to use a base Wi-Fi model of the Samsung Series 5 550 Chromebook. You are allowed to use any installed software, including the kernel and drivers. You can also use a virtual machine if you do not have the required hardware.

    Last year’s big winner was a teenage hacker who went by the alias of Pinkie Pie. It’s unknown if he will be bringing his skills back to Pwnium 3 to take on the much more difficult task of cracking Chrome OS. Either way, it’s going to be interesting to see if anybody can crack Chrome OS.

  • Five Reasons to Tune In to BlackBerry 10

    Media quotes from BlackBerry 10

    The BlackBerry 10 launch event is just two days away! We can’t hide our enthusiasm, as evidenced by all the BlackBerry 10 content on the Inside BlackBerry Blog. While we’ve given product and feature demos to show you how great we think BlackBerry 10 is, don’t just take our word for it — check out some of the accolades BlackBerry 10 has been receiving from tech blogs and online media:

    1. “RIM invited developers to a “porting party” to bring their apps to BlackBerry 10 before launch. Experts of the OS were constantly on hand to help with the process…RIM was able to reach its goal of approving an astounding 15,000 apps over the course of one weekend.”Mashable

    2. “The new BlackBerry 10 looks very good…It’s loaded with great stuff. In fact, its keyboard is so terrific that I wish every manufacturer had it…”Gizmodo

    3. “What we found [with BlackBerry 10] was a mobile OS that has a lot of charm, and that actually felt pretty far along in terms of its level of completion…the camera features, including the ability to select better frames for individual faces and components of a shot, feel amazing in practice, and they have a clear use value instead of seeming like novelty gimmicks.”TechCrunch

    4. “The most significant feature in BlackBerry 10, from an enterprise perspective, is probably BlackBerry Balance, which lets corporations create two separate on-device “personas,” one for corporate data and one for personal information. BlackBerry Balance isn’t exactly new–we’ve know about Balance for more than a year–but the version of Balance in BlackBerry 10 has many new features and a polished interface.”CIO

    5. “Combined with gesture support, RIM may have indeed simplified the smartphone user experience in several key ways.”BGR

    You’ve heard it from us, and now you’ve read some the media reviews on BlackBerry 10. Give us your thoughts in the comments below.


    Every BlackBerry 10 detail, update, and feature, as soon as it’s released: BlackBerry.com/BlackBerry10. Test out BlackBerry 10 features hands-on, watch exclusive video interviews with the minds behind BlackBerry 10, and receive product and carrier updates straight to your inbox. Sign up today!

  • Etsy Had A Really Good Year In 2012

    2012 was a good year for Etsy, to say the least. CEO Chad Dickerson took to the company blog this morning to share some stats about the year as Etsy’s growth continues to accelerate.

    “Growth of highly-personal shopping categories like wedding goods and home decor was strong in 2012,” an Etsy spokesperson tells WebProNews. “Jewelry, our #1 category, is still hugely popular, but others, like clothing and housewares, are quickly gaining steam. Furniture was the fastest-growing category on Etsy this year, growing 134% year-over-year.”

    Here are some more highlights from Dickerson’s post:

    • Overall sales by the community in 2012 grew 70.3% over the previous year, to $895.1 million from $525.6 million in 2011.
    • Sales in December 2012 were 72.9% higher than 2011 (compared to 69.9% from Dec 2010-Dec 2011).
    • Sales in November 2012 sales increased by 74.9% over the previous year (compared to 65.7% from Nov 2010-Nov 2011).
    • New buyers increased by 83% in 2012.
    • 10 million new members joined Etsy last year, nearly doubling the total number of members to 22 million around the world, in nearly 200 countries.

    Etsy will celebrate its 8th birthday this year. Since opening in 2005, the site has seen over 14 million shoppers buy over 100 million items.

    Etsy has only made more moves in recent months to help its growth continue. Consider that it only laumched its iPad and Android apps in the last two months. The site also continues to expand into more languages.

    Last week, Etsy announced its acquisition of Mixel.

  • A chef, a writer, a TV host — TED Fellow Eddie Huang is much more than all three in one

    Eddie-Huang

    Eddie Huang might be the TED Fellows’ first working chef. Then again, he might be a few other things too. Huang “defies description,” according to a feature last week in The New York Times. The profile captures his refusal to be categorized in any manner – be it by his Taiwanese heritage, by his deep love of hip-hop or by his status as a triple-threat chef, writer and television host.

    Yes, Huang is a chef — he pioneered Cheeto-fried chicken and is the chef and co-owner of the New York City Taiwanese bun shop BaoHaus. However, as Huang tells the Times, “I have more to say as a writer than from behind a wok.”

    Huang writes the blog Fresh Off the Boat, where he discusses everything from race representation in shows like Girls to what it was like growing up in suburban Orlando. And tomorrow, Random House will release his memoir, also called Fresh Off the Boat, which fellow chef Anthony Bourdain describes as “mercilessly funny.”

    Last October, Vice launched Huang’s exploratory food and travel show, also titled Fresh Off the Boat — an online series with new segments every week. And to further complicate his classification, Huang was also once a corporate lawyer and, after being laid off, turned to stand-up comedy.

    “My only goal as a comedian was to stomp the life out of the model-minority myth,” Huang tells the Times. “I want to prove you don’t need to have academic syntax to be intelligent.”

    Read lots more about TED Fellows »